A Key Concept in Determining Whether to Consolidate an Investee

A key concept in determining whether to consolidate an investee is:

A) The percentage ownership of the investee's voting stock
B) Whether or not the investee carries a significant amount of debt owed to the investor
C) Whether or not the assets and liabilities of the investee are reported at fair value
D) Whether the investor has the power to direct the activities of the investee